ACCA ICAEW CFA CIA CMA
ACCA ICAEW CFA CIA CMA

About Level II

CFA level II is the Second Exam of the CFA Program. The candidates can expect more detailed coverage of all the topics and tools introduced previously in Level I. It tests a deep understanding of investment analysis and valuations. The covered 10 topics are grouped into four areas: Ethical and Professional Standards, Investment Tools, Asset Classes, and Portfolio Management and Wealth Planning.
The average 10-year passing rate for CFA level II is 45%

Read FAQs for further details

About
CFA

About Level II

CFA Level II is the second exam of the CFA Program. Candidates can expect more detailed coverage of the topics and tools introduced in Level I. It tests a deep understanding of investment analysis and valuations. The ten topics are grouped into four areas: Ethical and Professional Standards, Investment Tools, Asset Classes, and Portfolio Management and Wealth Planning.
The average 10-year passing rate for CFA level II is 45%.

Read FAQs for further details

So, why choose

Mohsin Azam Khan
for your CFA journey?

Mohsin Azam Khan is a CFA Charterholder and ACCA-qualified. A passionate and committed CFA teacher with over 10 years of CFA/ACCA teaching experience, including at various reputable universities. He also focuses on students’ analytical and comprehension skills so they thrive in the real world.

Watch Video

and know the expert introduction of AAA

Why Sir
Mohsin

Qualification & Achievements

Qualified
ACCA & ICAEW

15 years

of experience

35 Nationwide Positions

by student in all offered exams

14 positions
by his AAA Students

Corporate Experience
of Big 4 & MNC

Selected multiple times for
ACCA’s officials webinars

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Position Holders

Testimonials

Sir Mohsin’s lectures helped me understand the concepts in depth and apply them to my work improving my performance at work. Also, the topic areas where I did not have adequate understanding of the subject and used to fall outside the scope of work, sir Mohsin explained them so well that I can easily apprehend the subject matter.
Waniya Khan
Waniya Khan
CFA curriculum is designed in a way to provide an in depth and adequate knowledge of the theoretical aspects across a variety of asset classes, understanding them thoroughly helped me apply them during my course of work and improved my overall performance. This led me to receive appreciation from the employers and assisted me in my professional growth.
Sufyan
Sufyan
I would say CFA is the gold standard in investment management. A CFA Charter holder is considered at par or at times superior in terms of technical knowledge to a top tier university’s MBA. If you compare the cost aspect of both, the CFA can be done at fraction of a cost and is equally as or more rewarding.
Tauseef
Tauseef
Demo Lectures

The demo lectures of the CFA course, taught by Mohsin Azam Khan, give a clear and simple introduction to the key topics in the Chartered Financial Analyst program. Mohsin Azam Khan explains concepts in a way that is easy to understand and helps students build a strong knowledge of financial analysis. His teaching style makes even tough ideas simple and includes practical tips for real-world challenges in finance. Students interested in the CFA program will find his demo lectures engaging, helpful, and a great start to their learning journey.

Select Lecture Language
Course Orientation
by Mohsin Azam Khan
Watch Lecture

Lectures

Demo Lectures

The demo lectures of the CFA course, taught by Mohsin Azam Khan, give a clear and simple introduction to the key topics in the Chartered Financial Analyst program. Mohsin Azam Khan explains concepts in a way that is easy to understand and helps students build a strong knowledge of financial analysis. His teaching style makes even tough ideas simple and includes practical tips for real-world challenges in finance. Students interested in the CFA program will find his demo lectures engaging, helpful, and a great start to their learning journey.

Select Lecture Language
Course Orientation
by Mohsin Azam Khan
Watch Lecture

Lectures

Stay ahead in the Exams with Mirchawala's specialized LMS.
MHA-LMS

Our specialised LMS provides students with the course in a well-structured manner, which ensures effective and efficient study. The customized testing system in our LMS helps students to experience real exam conditions while attempting homework and mock exams.

To discover further key features of our LMS, including Access to recorded lectures library, specialized testing system, access to course attachments and comprehensive progress reports, watch our tutorial video.

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Seamless
Streaming

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lectures library

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libraries

testing
system

Supports Windows,
iiOS, android

Stay ahead in the world of finance with Mirchawala's innovative LMS.
MHA-LMS
Welcome to Mirchawala’s cutting-edge Learning Management System (LMS), the heartbeat of your accountancy journey! Our LMS is a dynamic platform tailored for seamless learning, offering real-time progress tracking, interactive modules, and collaborative study tools.

To discover the key features of our LMS, including personalized study plans, live webinars, resource libraries, discussion forums, and comprehensive progress reports!”

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personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

Course Outline
Audit Planning
  • Objectives: Define the purpose and scope of the audit, assess risks, and develop a strategy for gathering evidence.
  • Key considerations: Understanding the business, internal controls, industry risks, and regulatory requirements.
  • Deliverables: Audit plan outlining procedures, timeline, and resources.
  • Internal controls: Evaluate the effectiveness of controls in preventing and detecting errors or fraud.
  • Risk assessment: Identify and analyze potential risks that could affect the financial statements.
  • Materiality: Determine the level of misstatement that would be considered significant and require adjustment.
  • Types of evidence: Documentary, physical, analytical, and inquiry evidence.
  • Sufficiency and relevance: Ensure evidence is reliable, relevant, and supports the audit opinion.
  • Audit sampling: Use sampling techniques to test a representative portion of transactions or balances.
  • Analytical procedures: Compare financial data to industry benchmarks or trends to identify potential anomalies.
  • Tests of controls: Evaluate the design and effectiveness of internal controls.
  • Substantive procedures: Test the accuracy and completeness of financial statements.
  • Types of reports: Unqualified, qualified, adverse, and disclaimer of opinion.
  • Reporting standards: Follow International Standards on Auditing (ISA) or Generally Accepted Auditing Principles (GAAP).
  • Communication: Clearly communicate findings and recommendations to stakeholders.
Course Outline
Audit Planning
  • Objectives: Define the purpose and scope of the audit, assess risks, and develop a strategy for gathering evidence.
  • Key considerations: Understanding the business, internal controls, industry risks, and regulatory requirements.
  • Deliverables: Audit plan outlining procedures, timeline, and resources.
  • Internal controls: Evaluate the effectiveness of controls in preventing and detecting errors or fraud.
  • Risk assessment: Identify and analyze potential risks that could affect the financial statements.
  • Materiality: Determine the level of misstatement that would be considered significant and require adjustment.
  • Types of evidence: Documentary, physical, analytical, and inquiry evidence.
  • Sufficiency and relevance: Ensure evidence is reliable, relevant, and supports the audit opinion.
  • Audit sampling: Use sampling techniques to test a representative portion of transactions or balances.
  • Analytical procedures: Compare financial data to industry benchmarks or trends to identify potential anomalies.
  • Tests of controls: Evaluate the design and effectiveness of internal controls.
  • Substantive procedures: Test the accuracy and completeness of financial statements.
  • Types of reports: Unqualified, qualified, adverse, and disclaimer of opinion.
  • Reporting standards: Follow International Standards on Auditing (ISA) or Generally Accepted Auditing Principles (GAAP).
  • Communication: Clearly communicate findings and recommendations to stakeholders.
  • Code of ethics: Understand and adhere to professional ethical standards for auditors.
  • Independence: Maintain objectivity and avoid conflicts of interest.
  • Professional skepticism: Maintain a questioning attitude throughout the audit.
  • Information technology audits: Focus on the controls and risks associated with IT systems.
  • Operational audits: Evaluate the efficiency and effectiveness of operations.
  • Compliance audits: Assess adherence to laws, regulations, and internal policies.
  • Forensic accounting: Investigate financial fraud and misconduct.
  • Due diligence: Evaluate a business for a potential acquisition or investment.
  • Agreed-upon procedures: Perform specific procedures as agreed upon with the client.
  • Internal audit: Provide independent assurance to an organization's management.
  • Government auditing: Audit government agencies and programs.
  • Non-profit auditing: Audit non-profit organizations.
  • Stay up-to-date on current auditing pronouncements and best practices.
  • Read journals and articles on specific audit topics.
  • Attend conferences and training courses.

Course Outline

Frequently Asked Questions
Is CFA Level II very hard?
  • Passing the CFA Level-2 requires twice the effort compared to Level-1, but you can pass the exam with ease if you have strong understanding of all the topics along with determination and discipline.
  • CFA Level 2 Exam Pass rates may change every attempt, the latest rates stood at 45%.
  • You can attempt CFA Level-2 after passing CFA level-1 exam provided you meet its eligibility criteria.
  • 6-8 months
Frequently Asked Questions
Is CFA Level II very hard?
  • Passing the CFA Level-II requires twice the effort compared to Level-1, but you can pass the exam with ease if you have strong understanding of all the topics along with determination and discipline.
  • CFA Level II Exam Pass rates may change every attempt, the latest rates stood at 45%.
  • You can attempt CFA Level-II after passing CFA level-I exam provided you meet its eligibility criteria.
  • 6-8 months

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